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Wednesday, 9 March 2016

1. What is the minimum capital requirement for New Banks in the Private Sector?a) Rs. 200 croreb) Rs. 300 crorec) Rs. 500 crored) Rs. 600 croree) None of these2. Many times we read a term "ECB" in financial newspapers. What is the full form of ECB?a) Essential Commercial Borrowingb) Essential Credit and Borrowingc) External Credit and Businessd) External Commercial Borrowinge) None of the above3. Which among the following banks has launched "Dhanchayat" an educational film to raise awareness on the dangers of borrowing money from unorganised sources?a) Axis b) ICICIc) HDFC d) SBIe) YES4. What is the maximum monthly pension for the subscribers under Atal Pension Yojana?a) Rs 2000 b) Rs 3000c) Rs 4000 d) Rs 5000e) None of these5. If a company which is not a non - banking financial company wants to collect public deposits, it is governed by ___ Act:a) RBI Act 1934b) Banking companies Actc) Companies Act 1956d) Central Governmente) None of the above6. Which among the following has launched a Smart Humsafar Plan, a unique plan which offers multiple benefits of savings and insurance cover for husband and wife under a single policy?a) ICICI Prudentialb) SBI Life c) NIACLd) LIC e) HDFC ERGO7. Which country launched world first Facial recognition ATM?a) China b) Japanc) US d) Canadae) Brazil8. Which type of machine is used by Business Correspondents?a) Micro ATMs b) POSc) Biometric Card Readerd) Solar empowerede) Water resistant9. Which among the following bank has tied up with Chinese ecommerce giant Alibaba to provide easier trade finance to small and medium enterprises (SMEs) in the country?a) HDFC Bankb) SBI Bankc) Canara Bankd) ICICI Bank e) Axis Bank10. In India, conventionally, bonds are issued by institutions in ____ sector while debentures by corporate in ____ sector.a) private, publicb) public, privatec) either a or bd) cooperative, NBFCe) None of the above11. What is the name of the platform launched by State Bank of India (SBI) that enables customers to book their foreign exchange transactions online?a) SBI eforexb) SBI emoneyc) SBI eonlined) SBI esharee) SBI ebuddy12. In CDR, "R" stands for ____.a) Ratio b) Receiptc) Regulation d) Restructuringe) Reserve13. Which of the following is not a function of General Insurance?a) Cattle Insuranceb) Crop Insurancec) Marine Insuranced) Fire Insurancee) None of the above14. The Bank for International Settlements (BIS) is the world's oldest international financial organization established on 17 May 1930. The mission of the BIS is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperationin those areas and to act as a bank for central banks. The head office of BIS is located in ___.a) Hong Kong b) Switzerlandc)China d) Mexicoe) Australia15. National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country. To be operational by the year end, the headquarter of NIIF will be located in ____.a) Mumbai b) New Delhic) Bengaluru d) Chennaie) Kolkata16. Special Drawing Rights (SDRs) are international foreign exchange reserve assets issued bya) World Bank b) WTOc) ADB d) IMFe) None of these17. Which of the following types of accounts are known as "Demat Accounts"?a) Zero Balance Accountsb) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from therec) Accounts in which shares of various companies are traded in electronic formd) Accounts which are operated through internet banking facilitye) None of the above18. According to the Socio Economic and Caste Census (SECC) which among the following states in India has highest per cent of Urban BPL households?a) Bihar b) Uttar Pradeshc) Manipur d) Jharkhande) Sikkim19. Payment of a cheque may be countermanded by the ___a) Payee b) Drawerc) True owner d) Draweee) None of these20. Union Government has decided to set up a Bank Board Bureau (BBB) to monitor key performance indicators of two dozen public sector banks (PSBs). BBB will start functioning from ___.a) 31st December 2015b) 1st January 2016c) 31st March 2016d) 1st April 2016e) 1st June 201621. Identify the well known person related to Banking field in India from the following?a) Mrs. Meira Kumarb) Mrs. Kiran Shawc) Mr. Arun Jaitleyd) Dr. D Subbaraoe) All of the above22. A fixed deposit receipt is kept with the bank for its safety, is known as ___?a) Safe custodyb) Safe depositc) Lockerd) Valid safe deposite) None of the above23. Reserve Bank will issue ___bank notes with 3 additional features to aid the visually impaired in identification.a) Rs. 500 and Rs 1,000b) Rs. 100 and Rs. 500c) Rs. 50 and Rs. 100d) Rs. 10 and Rs. 100e) None of these24. Simply click a card launched by SBI special for ____.a) Cash Transferb) Online Shoppingc) Pay Utility Billsd) For Home Loanse) None of these25. Banking Companies are prohibited under Sec 8 of banking Regulation Act to sell and purchase securities. Yet Banks are selling securities (of the customer) which are under pledge as permitted by:a) Indian Contract Actb) SARFAESI Actc) Government Notificationd) Banking Regulation Acte) None of these26. Hypothecation is:a) Atransaction of conditional saleb) A legal transaction whereby goods may be made available as security for a debtc) Transfer of ownership by the borrower to the lenderd) Either a or be) None of the above27. Mortgage is a:a) Security on movable property for a loanb) Security on immovable property for a loanc) Concession on immovable propertyd) Facility on immovable propertye) Security on loan sanctioned against fixed deposits28. What is the minimum amount to be invested under Sukanya Samriddhi Scheme?a) Rs. 500 b) Rs. 1000c) Rs. 1500 d) No ceilinge) Rs. 10029. The Main activity of the Financial Intelligence Unit India (FIUIND) is to control:a) Tax Evasionb) Money Launderingc) Terrorismd) Avoiding NPAse) Avoiding frauds in ATMs30. The SARFAESI Act 2002 empowers Banks / Financial Institutions to recover their non-performing assets (bad loans) without the intervention of the Court. In "SARFAESI" second "S" stands for ____.a) Securitisationb) Security c) Statutoryd) Share e) Saving31. The main function of an Asset Management Company is to:a) hold the securities of various schemesb) manage the funds by making investments in various types of securitiesc) hold its property for the benefit of the unit holdersd) act on behalf of SEBIe) All the above32. Global Rating Agency Fitch has downgraded Viability Rating (VR) by one notch to 'bb' of which among the following banks?a) Bank of Barodab) State Bank of Indiac) Punjab National Bankd) Canara Banke) IDBI Bank33. The Banking Codes and Standards Board of India was registered on 18th February, 2006 under which of the following RBI Act?a) Banking Regulation Actb) The Societies Registration Act, 1860c) Cooperative Societies Actd) None of the abovee) All the above34. As per the Banking Ombudsman Scheme, any person can file a complaint before the Banking Ombudsman, if the satisfied reply is not received from the bank within a period of ____.a) one month b) three monthsc) two months d) six monthse) None35. CIBIL as a credit bureau caters to:a) Consumer segmentsb) Commercial segmentsc) Both commercial and consumer segmentsd) Nationalized Banks onlye) Private Banks only36. Infusion of liquidity, by RBI, is done through _____ from / to banks under a _____ transaction.a) borrowing, repob) borrowing, reverse repoc) lending, repod) lending, reverse repoe) None of the above37. Some banks are financing big projects like construction of roads, bridges etc. Financing such projects means banks are helping exactly in:a) Infrastructural Developmentb) Project Managementc) Developing core sector Industryd) Financial Inclusione) All of the above38. A rate of exchange established between any two currencies on the basis of the respective quotation of each currency in terms of a third currency is known as:a) Cross rate b) Merchant ratec) Wash rate d) Composite ratee) None of the aboveANSWERS:1) c; 2) d; 3) c; 4) d; 5) c; 6) b; 7) a; 8) c; 9) d; 10) b;11) a; 12) d; 13) e; 14) b; 15) a; 16) d; 17) c; 18) c; 19) b; 20) d;21) d; 22) a; 23) a; 24) b; 25) d; 26) b; 27) b; 28) b; 29) b; 30) b;31) b; 32) c; 33) b; 34) a; 35) c; 36) c; 37) a; 38) a.